Indian impact

Monday, 23 January 2012 00:00 -     - {{hitsCtrl.values.hits}}

The exit of Spence and CMHI increasing its stake to 79% (if SLPA goes up to 21%) or 85% would also mean greater Chinese control in the CSCT, a development which has increasingly disturbed Sri Lanka’s giant friendly neighbor India. Furthermore China Harbour is the constructor of the CSCT.

India is the source for Colombo’s majority of transshipment volume which accounts for over 70% of the business in South Asia’s hub port. An extreme development of Indian containers shunning Colombo would also impact the sole private sector managed operator South Asia Gateway Terminals (SAGT), in which SLPA also has a stake. . However India on its part of late has been aggressively developing or modernizing its own ports and luring main lines though Colombo remains an attractive hub for major carriers so far.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.